Tag: Mid-Day Report

Stocks Rise As Trump Takes Office

Posted on by The INO.com Team

Hello MarketClub members everywhere. Stocks are trading higher today as all eyes turned to Washington for Donald Trump's inauguration.

The Dow gained more than 100 points before sliding lower as Trump took office, with The Procter & Gamble Company (NYSE:PG) and International Business Machines Corporation (NYSE:IBM) contributing the most gains.

The broader stock market had rallied significantly since Trump's victory on the hopes of more government spending, lower corporate taxes and deregulation of some sectors. However, stocks have traded mostly sideways for the past month as investors look for more details about Trump's proposed policies. Which trend will prevail in the long-run?

MarketClub's Mid-day Market Report

Key levels to watch next week: Continue reading "Stocks Rise As Trump Takes Office" →

Best Quarter Ever For A Bank

Posted on by The INO.com Team

Hello MarketClub members everywhere. J.P. Morgan Chase & Co. (NYSE:JPM) quarterly earnings pushed well past analysts' expectations, helped by double-digit growth in deposits and record credit card sales. The company reported fourth-quarter earnings of $1.71 vs. estimates of $1.44 per share on revenue of $24.333 billion. It's stock price edged higher in intraday trading this morning, but has backed off the highs this afternoon.

"Our results this quarter were a strong end to another record year, reflecting our intense client focus and solid performance across our businesses," Dimon said in a release, citing a U.S. economy that may be building momentum.

Some in the media have dubbed it, "the best quarter ever for a bank". What do you think?

MarketClub's Mid-day Market Report

Key levels to watch the rest of the week: Continue reading "Best Quarter Ever For A Bank" →

President-Elect Trump Critical Of Drugmakers

Posted on by The INO.com Team

Healthcare and drugmaker stocks fell as President-Elect Donald Trump made critical comments about pharmaceutical pricing this morning.

The Indices turned lower after Trump suggested changes to how America pays for its prescription drugs. Mylan N.V. (NASDAQ:MYL), Pfizer Inc. (NYSE:PFE) and Novartis AG (NYSE:NVS) have led the declines.

MarketClub's Mid-day Market Report

Trump's critical comments of drugmakers are the latest salvo from the president-elect to target specific industries that have roiled equities.

Investors were also looking to Trump’s first press conference since July for details on the timing and scope of planned policies from infrastructure spending to trade pacts that will set the tone for financial markets in 2017.

Key levels to watch the rest of the week: Continue reading "President-Elect Trump Critical Of Drugmakers" →

Keep An Eye On The Big Banks And Retail Sales This Week

Posted on by The INO.com Team

Hello MarketClub members everywhere. Earning season kicks off with a trio of big banks, J.P. Morgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Wells Fargo & Company (NYSE:WFC) are all due to release earnings on Friday. Wells Fargo will be in the spotlight after its high-profile stumbles in 2016, including the account-opening scandal that led to the ouster of its CEO and the failure to get its living will approved by regulators. Investors will be watching for how these issues are impacting the bank's financial results.

MarketClub's Mid-day Market Report

On the data side, retail sales will be eyed. The November data showed a slowdown from the previous two months. We'll see if higher consumer sentiment readings translate into a strong month for sales.

Key levels to watch the rest of the week: Continue reading "Keep An Eye On The Big Banks And Retail Sales This Week" →

Fake News Stories, Do They Really Matter?

Posted on by The INO.com Team

Hello MarketClub members everywhere. Recently we have heard a lot about fake news, well fake news or rumors have been a part of the market since the markets began trading. The question is do they really make a difference, the answer is over the long-term no, in the short-term possibly. The good news is that they are not important and you should not pay much attention to them. The reason I say, that is because there is an easy, simple solution to capturing significant moves in the market.

MarketClub's Mid-day Market Report

Here is the simple solution, the Trade Triangles. Continue reading "Fake News Stories, Do They Really Matter?" →